Vistra Fund Services, part of the global fund and trust administrator Vistra, has unveiled its new Cayman Islands-based umbrella fund structure.

Following the launch of its Asia branch earlier this year, VFS has created the Privium Capital Fund product to act as a multi-jurisdictional platform across its major operations in Hong Kong, the Caymans, the Netherlands and the UK.

The product is intended to be a one-stop platform for clients to benefit from rapid fund establishment and Privium’s portfolio support services, using Advent and AIM system platforms.

Charles Kwun, managing director of VFS Asia, highlighted the benefits of this dedicated fund platform as higher levels of flexibility as a result of global reach, reduced implementation time, and cost effectiveness in terms of initial set-up and ongoing expenditure. Kwun added that he feels it will be “of particular interest to the far East and Asian markets”.

Vistra, VFS’s parent company, is part of the OV Group, which includes Offshore Incorporations, one of Asia’s leading company formation specialists.